Credit card companies are seeking to delay enforcement of lower limits on so-called “swipe fees.” If successful, the postponement will cost customers and retailers more than $1 billion a month.
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The administration’s proposed revamp of Fannie Mae and Freddie Mac is actually an offering of multiple policy options, essentially passing the political hot potato to the Republicans. Problem is, any fix is sure to make mortgag…
For those who can’t get bank loans, the new business of peer-to-peer lending can be a lifesaver. Internet companies connect people who need cash with folks willing to lend — for a fair profit, of course. Here’s how it works, r…
After two years of relative frugality caused by the financial crisis, Americans are again borrowing in a big way. Consumer spending is surely good for the economy, but have Americans learned any lessons about loading up on red …
Social networking giant Facebook announced Tuesday it’s moving its headquarters into the old digs of server and storage maker Sun Microsystems in Santa Clara, Calif. With the relocation from Palo Alto, Calif., Facebook will sn…